Guerbet (GBT) Q4 2024 TU earnings summary

Executive summary

• Full-year 2024 revenue reached €841.1 million, up 7.1% year-over-year, or 9.0% at constant exchange rates and like-for-like basis, driven by strong growth in the Americas and Asia despite contraction in France.

• Growth momentum continued for the second consecutive year, closely matching annual guidance.

Financial highlights

• Restated EBITDA margin expected to be close to 14.9% for 2024.

• Free cash flow anticipated to be slightly negative due to late payments in France.

• Significant improvement in net debt/EBITDA ratio expected.

• Unfavorable currency effect of €12.3 million, mainly from South American and Asian currencies.

Outlook and guidance

• Profitability target for 2024 raised, with confidence in achieving a restated EBITDA margin near 14.9%.

• Financial objectives for 2025 to be specified at the March 26, 2025, annual results release.